Form: 8-K

Current report

March 2, 1998

Documents

Published on March 2, 1998


EXHIBIT 99.4


PRESS RELEASE


FOR IMMEDIATE RELEASE

CONTACT: Jonathan B. Weis
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700

Joe Keenan, Sturges & Word Inc.
(816) 221-7500



ENTERTAINMENT PROPERTIES TRUST ANNOUNCES
TAX TREATMENT FOR 1997 DIVIDEND

KANSAS CITY, MO. (January 29, 1998) Entertainment
Properties Trust, a Maryland Real Estate Investment Trust
("Entertainment Properties" or the "Company") (NYSE:EPR) today
announced the taxable composition of distributions declared on
its Common Shares as follows:



DECLARATION RECORD PAYMENT DISTRIBUTION ORDINARY RETURN OF TO BE
DATE DATE DATE PER SHARE TAXABLE CAPITAL REPORTED
INCOME 1997 AS 1998
1997 DISTRIBUTIONS


_______________________________________________________________________________
12/18/97 12/29/97 1/12/98 $0.18 100% 0.0% 0.0%

Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and develop
a diversified portfolio of high-quality properties leased to
major entertainment-themed business operators. The company's
common stock is traded on the New York Stock Exchange under the
ticker symbol EPR.